Tata Motors becomes 1st Indian automaker to cross one-million-annual-sales mark, enters elite club

New Delhi: Home-grown automaker Tata Motors has entered an elite club by clocking one-million-annual-sales mark in 2018. According to a report in the Economic Times, the JLR-owner has beaten Chinese giants like Changan and SAIC, to become the 16th largest light vehicles company in the world.

Tata Motors sold 1.049 million units of light vehicles in 2018 as compared to 0.986 million units sold in 2017. Light vehicles include cars, utility vehicles, vans and small pickup trucks.

The ET report citing JATO Dynamics, an automotive consultancy company that covers 54 key markets making up for 90% of light vehicles sales, said Tata Motors was the third fastest-growing brand among the top 20 automobile companies around the world.

“It was the 16th largest carmaker last year, getting close to Subaru and outselling some Chinese brands, but is not enough to become a key player in the industry. JLR has done a very good job by enlarging its line-up, launching modern cars, new tech, and gaining a decent part of the premium market (5.5% market share). But the Tata brand needs to address more markets,” said Felipe Munoz, JATO’s global analyst.

Volkswagen remained at the top spot in the list with 10.5 million sales followed by Toyota and Renault-Nissan which did 9.6 million and 9.47 million sales respectively.

Tata Motors MD Guenter Butschek said the company will continue to focus on filling gaps in its portfolio and aim to be a technological leader in the auto world.

“There are still dark spots in this story. Growth was driven by the Tata brand, which sold 99% of its cars in India. JLR (-2%) struggled as they compete in the profitable but highly competitive premium segment,” the business daily quoted Munoz as saying.
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